South Korean manufacturers of railway products ready to invest in Kazakhstan’s infrastructure projects

07.06.2016 20:37

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South Korean manufacturers of railway products are ready to participate in new investment projects of Kazakhstan. New Silk Road project prompted the interest of these companies in the railways of Kazakhstan. Previously, two countries already cooperated during the construction of the Almaty underground. Then South Korean companies learned more about the market of Kazakhstan. Now foreign manufacturers intend to deliver their products to Kazakhstan and participate in the construction of new railways.

Gook-HWAN JEON, PROFESSOR, SEOUL NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY:

Korea will have a great opportunity after launch of the New Silk Road. This corridor has a convenient location for transportation. We have a large amount of traffic from Japan, the East Coast of China. Therefore, we believe we are going to use this line. In addition, the railway will also become one of the most important transport systems for supplies to Eurasia, Africa and Europe. The amount of traffic will increase, and this will contribute to the development of the economies of all member countries.

Implementation of the plan has already begun: Kazakh students in the master programs, trained under the government program are going to graduate the Seoul National University of Science and Technology. Employees of relevant companies in the field of railway underwent training abroad.

Korean railway transport is well-known for its innovation. We are actively introducing technologies such as robotics and automation to ensure traffic safety. I think that the knowledge gained in South Korea will allow to achieve great results in the modernization of the railways of Kazakhstan.